This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts’ Top Communication Services Picks: Meta Platforms (META), Take-Two (TTWO)

Tipranks - Tue Jun 16, 10:14AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Meta Platforms (META) and Take-Two (TTWO) with bullish sentiments.

Claim 55% Off TipRanks

Meta Platforms (META)

In a report released today, Justin Post from Bank of America Securities maintained a Buy rating on Meta Platforms. The company’s shares closed last Monday at $593.97.

According to TipRanks.com, Post is a 5-star analyst with an average return of 20.2% and a 61.7% success rate. Post covers the NA sector, focusing on stocks such as Booking Holdings, DoorDash, and Expedia. ;'>

Meta Platforms has an analyst consensus of Strong Buy, with a price target consensus of $819.26, representing a 41.3% upside. In a report issued on June 2, Arete Research also upgraded the stock to Buy with a $735.00 price target.

See today’s best-performing stocks on TipRanks >>

Take-Two (TTWO)

D.A. Davidson analyst Wyatt Swanson maintained a Buy rating on Take-Two today. The company’s shares closed last Monday at $216.83, close to its 52-week high of $220.93.

According to TipRanks.com, Swanson is ranked #4905 out of 12307 analysts.

Take-Two has an analyst consensus of Strong Buy, with a price target consensus of $291.62, implying a 36.9% upside from current levels. In a report issued on June 2, Piper Sandler also initiated coverage with a Buy rating on the stock with a $280.00 price target.

Read More on META:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.